Note that the first definition of עוֹלָם in HALOT "long time, duration" adds the qualification "but not in a philosophical sense.” The rest of this entry reads:
THAT 2:235f: עֶבֶד ע׳ a slave
for life Dt 1517 1S 2712 Jb 4028 )Ug. Ábd Álm(, שִׂמְחַת ע׳ Is 3510, זֵכֶר
ע׳ Ps 1126, שֵׁם ע׳ Is 565, הֲרַת
ע׳ Jr 2017, חֶרְפַּת ע׳ Is 2340; ע׳ occurs
thus in many phrases: with בְּרִית Gn 916 )16 times(, with בְּרִית מֶלַח Nu 1819, with אֲחֻזַּת Gn 178, with ) חֻקַּת23 times( Ex 1214.17.
cj. Ezk 4614 see Zimmerli 1168, with ) חָק־11 times( Ex 2928 3021,
with כְּהֻנַּת Ex 4015 Nu 2513, with חֶסֶד
never-failing kindness Is 548.
Further
Reading: